United Overseas Bank $1 billion 0.125% and 2.125% covered bond issues

Overview:

• United Overseas Bank has issued $1 billion of covered bonds under its $8 billion global covered bond programme.
• The bank's second covered bond issue was made up of two tranches - €500 million of 0.125% covered bonds due 2022 and $500 million 2.125% covered bonds due 2020.
• ANZ, Credit Suisse, HSBC, and United Overseas Bank were bookrunners fon the issue.
• Glacier Eighty acted as guarantor.
• BNP Paribus and United Overseas Bank acted as joint arrangers and dealers of the bond programme.

Wai Yee Tsang - Journalist